IRS Announces Increase In Amount That Can Be Given In Life And At Death Without Taxation | 12.11.21

As of January 1, 2022, you can give up to $16,000 per year, per person without reporting to the IRS and without gift taxation. So, for example, if a married couple with three children wanted to give the maximum to each child, then they could give up to $96,000 ($16,000 x 3 by the husband and $16,000 x 3 by the wife) in year 2022 without reporting to the IRS.